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Buying a home is a huge investment. Finding the right mortgage for your home is confusing and very frustrating. However, through mortgage comparison, you can get the best deal. During this time, you are supposed to speak to different mortgage lenders to assess each possible option. Here are is a checklist to help you with … Continue reading Top Mortgage Comparison Tips

With such a variety of lenders and credit providers on the market to choose from, using a mortgage broker can take a lot of guesswork out of picking the right mortgage credit provider. Mortgage loan brokers will not only help you pick the right credit provider, but arrange for suitable credit packages and even special … Continue reading How To Choose A Mortgage Broker ?

Unfortunately, while researching this topic one thing has become clear – you cannot invest in property (or buy a family home) if you have nothing. If you have no income, no cash and no equity, then contrary to the titles of many articles out there (like this one!) you will never find any lender that [...]

The most obvious approach for property wealth management in Newcastle for many new investors is to buy an existing property on the rental market and lease it out, earning income from the tenants until it is time to sell up. This is the easy, quick option for many, but it may actually be more beneficial, [...]

All property investors want the very best portfolio of homes and assets that will provide wealth and financial security for years to come. The problem is that we also want that security and profit as soon as possible. Why hang around on a slow burn when there are opportunities to take advantage of. Here is [...]

Property investment can be daunting to some who are a little less experienced but done properly, can be a very rewarding venture. This article provides a very basic real estate investment checklist that you can follow to help ensure you are on the way to success. Of course we recommend using our services for your [...]

Average House Price in Newcastle NSW

There are major concerns in New South Wales over an affordability crisis in the housing market, something reflected across the country, but seemingly worse here. According to the Perceptions of Housing Affordability report, 87% of Australians that want to own a home feel that they cannot afford to. A lot of this stems from steady price increases and the high rise of stamp duty over the years. This heavy tax has increased by 750% in 20 years. These measures have placed some homes in the state, especially the Sydney area, out of the reach of a number of families and couples. Even though the average house price Newcastle NSW is growing, Newcastle is fast becoming an affordable alternative for Sydney siders.

Both house prices and rental prices are on the rise in Newcastle, NSW.

Data for recent house prices varies, but each source highlights a dramatic increase. Some report that in the past year, the average house price in Newcastle was $985,000. This equates to an increase of 55.7% and compound annual growth of 9.3%. Others focus on a rise from $312,000 to $500,000 in the last 10 years. This is great for the sellers and real estate agents cashing in on the popularity of the area, but not for those struggling to afford to buy. Then there is the added problem of negative gearing distorting opportunities. Negative gearing allows investors to reduce their personal income revenue by applied losses against business income. For many in this area, rental properties are the best approach. But, even these options can be costly for those in need.

The problem is not just seen in the buyers market. Renters are also hard hit as average house price Newcastle NSW rental prices increase and residents struggle to find the property that they need. Rental demand is currently seen as average at the moment, despite ongoing talk of Newcastle being one of the up-and-coming cities in the area. The median rent is currently around $510 per week. Naturally this varies depending upon the size of the property. This mostly reflects the rental price for families looking to rent a 4 bedroom house, a market that has seen a rise of 1.5%. Couples looking for single or two bedroom apartments can expect to pay around $250-$375 per week, which reflects an increase of 4.2%.

A rise in the supply of affordable homes would lessen the pressure on new buyers, but there is no guarantee that this will happen.

Supply and demand is a key issue in the average house price Newcastle NSW. Limited availability of affordable homes restricts options for everyday buyers. Some, such as the Labour party, insist that new homes need to be built quickly. They pledge 55,000 in three years. Hopeful buyers say four key factors are at work here. They are the need for the removal of stamp duty, improved government assistance, lower prices and better transport links to communities. People want to move to Newcastle as they see the potential in this growing waterfront city, especially as a commuter town.

Many couples are keen to ensure that they have the perfect nest egg in place for their retirement – a nice safety net of savings, investments and collectables. There are many different ways to do this that allow couples to enjoy more than a pension in later years. A broad portfolio of investments and options [...]

If your mortgage is settled, and you have a great home investment portfolio, whats to stop you from living the dream and doing the retire early in Australia thing?
Many people like their careers and tasks and would not ponder retiring early, nevertheless there are also lots of people who loath their jobs and the idea of early retirement is very enticing.
Our group concentrates on settling your mortgage as quickly as possible and an extremely workable result is to consider an early retirement. Based upon successful property financial investment, there might be no factor for you to continue working and rather living the lifestyle that you imagine.

Of course, it is extremely recommended that you consult the suggestions of your accounting professional prior to making any choices. Early retirement impacts pensions, very, taxes, and so on and your personal situation needs to be assessed.

Our team are in a position that after a brief assessment with you they can provide you an idea of the numerous advantages of buying home among which is being able to use you the alternative to retire early in Australia.
Our consultations are totally free-- what do you need to lose?